About 450,000 Maryland households that earn more than $100,000 per year will see their state and local income taxes go up next year if the legislature approves Gov. Martin O’Malley’s budget proposal. In order to balance an overall $35.8 billion state budget – a 3% increase over last year – O’Malley is asking to cap tax deductions and phase out exemptions for high earners. O’Malley said the average family of four making $150,000 a year would pay $191 more in state and local income taxes.
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4 comments:
I love Maryland, I really do, but I love my paycheck more. He has created such a hostile environment in this state for anyone who actually has a decent income.
I can't wait till my house sells.
Nothing like these democrats taxing the poor while saying their going to tax the rich!
Wonder how hard the non-resident workers are going to get hit THIS time?
Bet that's somewhere on his list.
I would love it if my employer moved and set up shop in Delaware so I didn't get "penalized" by Maryland for working in their state!
I think the shore should be exempt from this stupid penalty since the three states are in such close proximity and we have to travel for jobs.
I won't hold my breath though. Heck, the reason I left Maryland was because of taxation!
Owe'Malley chased the millionaires out of the state with his millionaire tax, now I guess he wants the thousandaires to flee, too. Only people that are going to be left in Maryland are the Democratic Party's voter base, the citizens with arms extended and palms up.
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